MGMT 2430 Chapter Notes - Chapter 5: Nominal Group Technique, Delphi Method, Succession Planning
2 Feb 2017
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Document Summary
Human resource planning (hrp) the process of forecasting future human resources requirements to ensure that the organization will have the required number of employees with the necessary skills to meet its strategic objectives. Environment scanning assessing factors that affect the external labour market as well as an organization"s ability to find and secure talent from outside the organization. Plant and implement programs to balance supply and demand. Quantitative approach: trend analysis studying the firm"s employment levels over the last 3, ratio analysis making forecasts based on the ratio between some. Qualitative approach: nominal group technique involves a group of experts meeting face- to-face, delphi technique a judgemental forecasting method used to arrive at a group decision, typically involving outside experts as well as organizational employees. Skills inventories contain comprehensive information about the capabilities. Management inventories data pertaining to managerial staff. Replacement charts used to keep track of potential internal candidates for of current employees the firm"s most critical positions.
